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SCHEDULE 5PURCHASE OF ADDED YEARS

Purchase of added years by lump sum

6.—(1) Subject to sub-paragraph (2) below, a participating member may apply in writing to the Parliamentary corporation to purchase added years by a lump sum payment.

(2) The Parliamentary corporation shall accept an application to purchase added years under this paragraph if all the following conditions in respect of that application are satisfied:–

(a)the participating member has not reached the age of 65;

(b)the participating member applies to the Parliamentary corporation within the period of 12 months immediately following the date when he commenced a period of service as a single mandate member or within such longer period as the Parliamentary corporation may in special circumstances allow;

(c)the participating member has not applied to the Parliamentary corporation under article J1 for an early pension because of ill-health;

(d)the number of added years which the member applies to purchase does not exceed the maximum permitted by paragraph 8;

(e)the participating member has supplied to the Parliamentary corporation such information and evidence as it may require; and

(f)the participating member is, at the date the Parliamentary corporation receives the application, a single mandate member.

(3) A participating member who has applied to purchase added years under paragraph 2(2) and to whom paragraph 5(2) applies may, in respect of any such application if–

(a)in consequence of his ceasing to be a member of the Parliament or a single mandate member, there has been a reduction in the number of added years which he is able to purchase in full;

(b)the conditions of sub-paragraph (2)(c), (d) and (e) of this paragraph are satisfied in respect of the application made under this sub-paragraph; and

(c)the application under this sub-paragraph is made within three months of his ceasing to be a participating member of the Parliament or a single mandate member,

apply in writing to the Parliamentary corporation to purchase by a lump sum payment some or all of the number of added years comprised in that reduction at the rate applicable at the member’s birthday next following the receipt by the Parliamentary corporation of the application.